140 College St., Elgin, IL 60120

FOUR UNIT IN GOOD CONDITION AND LOCATED IN THE HISTORIC DISTRICT NEAR DOWNTOWN. 2 TWO BEDROOM UNITS AND 2 ONE BEDROOM UNITS ALL WITH YEARLY LEASES AND LONGER TERM TENANTS. GREAT CASH FLOW. MORE THAN 8% NET ROI. MUCH WORK HAS BEEN RECENTLY COMPLETED HOWEVER SOLD AS-IS. 3 OF THE UNITS HAVE BEEN UPDATED / REMODELED WITHIN THE LAST THREE YEARS. NEWER APPLIANCES. REPAINTED. SOME EXTERIOR SIDING REPLACED AND REPAINTED. NEW WATER AND SEWER SERVICE TO STREET. NEW WATER HEATER AND FURNACE IN UNIT #3. LARGE STORAGE AND WORK AREA IN BASEMENT. NEW SUMP PUMP. BUILDING CURRENTLY UNDER TWO YEAR APPROVAL FROM THE CITY AS NO VIOLATIONS FOUND DURING LAST INSPECTION. NEW FLAT ROOF WILL BE INSTALLED PRIOR TO CLOSING. ( RECENT STORM DAMAGE.) GREAT INVESTMENT OPPORTUNITY! MINIMUM 24 HOUR ADVANCE ON SHOWINGS. PROOF OF FUNDS / PRE-APPROVAL REQUIRED BEFORE ALL SHOWINGS WILL BE SCHEDULED. NO FHA. TWO GROUND FLOOR UNITS WILL BE SHOWN ON THE FIRST APPOINTMENT. LISTING AGENT MUST ACCOMPANY ALL SHOWINGS AND WILL PROVIDE ACCESS. NO LOCKBOX. DO NOT DISTURB TENANTS. FOLLOW COVID 19 GUIDELINES. MUST WEAR A MASK TO ACCESS UNITS. OWNER IS LICENSED BROKER.